A readily measurable aspect of globalization is the increasing exchange of capital, products and services across national boundaries, spurred by expanded use of container shipping and other technological improvements as well as falling barrier. The interdependence is most apparent with global supply chains, as manufactured goods like vehicles and electronics are assembled with components produced around the world, and it’s increasingly rare for any country to be the sole source of any one complex product. Countries aim to increase exports but worry about too many imports and trade imbalances, even as their consumers pursue low prices. Disagreements on subsidies, tariffs, quotas or unfair practices are debated by the World Trade Organization.

Edwards Notes Differences on Issue of World Trade

Says John Kerry has always favored free trade and globalization
Katherine Q. Seelye
February 20, 2004

A Textile Capital of China Is Hobbled by a Downturn Gone Global

Factories and workers must adjust to new global thriftiness
David Barboza
March 10, 2009

The Multilateral Trading System: A Response to Its Challengers

As one of humanity’s greatest assets, free trade could help end the global recession
Ernesto Zedillo
March 9, 2009

For East Asia, Crisis Prompts a Rethinking of Dependence on Exports

Trade dwindling around the world spurs new financial strategy in East Asia
Keith Bradsher
March 5, 2009

Out of Gaps in Treaties, First Salvos of Trade War

World leaders deplore economic nationalism from others, but not their own
Anthony Faiola
February 4, 2009